South Korea Explosion
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Explosion kills 5 at Hanwha Aerospace factory in South Korea
Explosion kills 5 at Hanwha Aerospace factory in South Korea At least two others were injured in a fire following a suspected propellant explosion at the defence giant’s plant in Daejeon The two survivors, including one who was badly burned, had escaped from the facility themselves, a fire official told a briefing. “Authorities have yet to identify the victims because their bodies were severely damaged,” a health official told the same briefing. A fire official said that an explosion had...
Chip, chip ... boom? South Korea tech makers join the trillion-dollar club but some fear a short-circuit looms
South Korea’s Kospi stock market has hit record highs thanks to AI, but experts urge caution over boom-bust cycles and a heavy reliance on two chipmakersSouth Korea has leapfrogged India to become the world’s sixth largest share market, leaving equity markets in the UK, Germany and France trailing in its dust. But despite the runaway success, some are raising concerns that the Kospi index is too dependent on two freshly minted trillion-dollar chipmaking companies. Chip company SK Hynix last...
Chip, chip ... boom? South Korea tech makers join the trillion-dollar club but some fear a short-circuit looms
South Korea’s Kospi stock market has hit record highs thanks to AI, but experts urge caution over boom-bust cycles and a heavy reliance on two chipmakersSouth Korea has leapfrogged India to become the world’s sixth largest share market, leaving equity markets in the UK, Germany and France trailing in its dust. But despite the runaway success, some are raising concerns that the Kospi index is too dependent on two freshly minted trillion-dollar chipmaking companies. Chip company SK Hynix last...
Chip, chip ... boom? South Korea tech makers join the trillion-dollar club but some fear a short-circuit looms
South Korea’s Kospi stock market has hit record highs thanks to AI, but experts urge caution over boom-bust cycles and a heavy reliance on two chipmakersSouth Korea has leapfrogged India to become the world’s sixth largest share market, leaving equity markets in the UK, Germany and France trailing in its dust. But despite the runaway success, some are raising concerns that the Kospi index is too dependent on two freshly minted trillion-dollar chipmaking companies. Chip company SK Hynix last...
Five dead and two injured following explosion at weapons factory
Five dead and two injured following explosion at weapons factory At least five people are dead and two are seriously injured after an explosion rocked a weapons facility in South Korea on Monday Five people have been killed and two injured following an explosion and fire at a defence company in South Korea, according to officials. The incident took place on Monday at a workspace run by Hanwha Aerospace in the South Korean city of Daejeon, AP reports. The cause of the explosion has not yet...
Stock market crash today: Rs 5 lakh crore wealth gone! Top reasons for fall
Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday, with benchmark indices extending losses as weak global cues, relentless foreign investor selling and rising geopolitical concerns dented market sentiment. The broad sell-off erased more than Rs 5 lakh crore from investor wealth, bringing the combined market capitalisation of BSE-listed companies down to around Rs 456 lakh crore.
India’s fertility rate falls below replacement level: Why it matters
India’s fertility rate falls below replacement level: Why it matters India’s fertility rate has dropped to 1.9 children per woman, with consequences for its workforce, elders and economy. India’s fertility rate has for the first time fallen below the level needed to stop the population from shrinking, raising concerns about future labour shortages and an ageing society. For decades, India has seen rapid population growth.
Stocks drop as US-Iran peace talks stall, AI rally cools
Stocks drop as US-Iran peace talks stall, AI rally cools LONDON, June 5 : Shares slid on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo. The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from the country, undermining U.S. President Donald Trump's efforts to halt fighting there and reach a peace deal with Tehran....
Ukraine Is Not Losing. Russia Is Not Winning.
In a field outside of Kyiv last weekend, a van was parked discreetly behind some trees. Inside the van there were no passenger seats, just a long desk, two office chairs, two laptops, extra screens. Outside appearances to the contrary, this was a mobile drone-interceptor base, one of hundreds of similar vehicles now scattered around Ukraine.
Oil prices rise as Iran and Israel trade strikes in defiance of Trump
Oil prices rose on Monday morning as investors monitored the latest escalation in the Middle East. Crude oil prices climbed in early trade as Israel launched airstrikes on Monday targeting central and western Iran in response to missile fire. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz and Tehran, without immediately elaborating.